China Merchants Bank Shanghai Branch continues to serve university students and entrepreneurs with financial technology

"Sincerely thank you for your long-term support for my public welfare undertakings!" At the same time, on behalf of the majority of young entrepreneurs, I would like to express my sincere thanks and respect to your bank for its support and help to young people in innovation and entrepreneurship! Recently, China Merchants Bank Shanghai Branch received a letter of thanks from the Shanghai University Students Science and Technology Entrepreneurship Foundation.

Founded in 2006, the Shanghai University Students Science and Technology Entrepreneurship Foundation has explored development for 15 years and helped a large number of entrepreneurial enterprises to thrive in the form of public welfare. Shanghai University Students Science and Technology Entrepreneurship Fund (hereinafter referred to as "Angel Fund") is a public welfare fund focusing on supporting the innovation and entrepreneurship of college students and youth, as of the end of December 2021, it has funded 3,547 entrepreneurial projects and driven employment of more than 30,000 people.

It is reported that China Merchants Bank Shanghai Branch is an important cooperative bank of Shanghai University Students Science and Technology Entrepreneurship Foundation, and has issued a total of 343 million yuan of public welfare loans for entrepreneurial projects for 1129 college student entrepreneurs, ranking first among the cooperative banks of the foundation, and the efficiency and service quality of the commission loan are also among the best. In order to improve efficiency, China Merchants Bank Shanghai Branch has also specially customized the "Angel Fund" special system for the foundation, which continues to provide high-quality services for the foundation and university students and entrepreneurs with the power of finance and technology.

After the outbreak of the new crown epidemic, the foundation formulated and implemented a series of measures to help start-up enterprises in accordance with the spirit of the municipal government documents, including deferring the repayment of the subsidized enterprises by 2 months and postponing the first repayment date of fresh graduates by 6 months. These measures are a huge test for a series of operational processes and execution efficiency of banks. CMB Shanghai Branch communicated with many parties, worked hard to overcome unfavorable factors such as cumbersome process adjustments, responded quickly to the implementation, formulated a response plan, and completed the transformation of the corresponding system in only 5 days, providing effective support and guarantee for the timely implementation of relevant measures and the ability of college students and entrepreneurs to enjoy the policy.

CMB's service attitude and work efficiency have been highly affirmed by the Foundation: "Behind every change, there is a condensation of your bank's efforts and feelings of serving with heart... Let us once again experience the power of your 'change because of you' corporate culture. The relevant person in charge of the Shanghai branch of CMB said that in the view of CMB, helping start-ups tide over difficulties is not only a policy guidance requirement, but also a mission, and CMB will continue to provide quality services for college entrepreneurs with the power of financial technology.

Source: Thoughtful Shanghai